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Banks facing sluggish growth Second-quarter earnings are in for three of the Big Six banks. Profit at Royal Bank of Canada fell 7 per cent, TD profit climbed 20 per cent, and BMO posted a 27-per-cent increase in profit. However, amid the numbers are clear signs that the country’s banking sector faces a sluggish environment for growth.
BMO discloses impact of U.S. regulatory changes While the full extent of the impact of the Dodd-Frank Act on Canadian banks remains far from clear, Bank of Montreal has disclosed what it knows so far.
QLT in proxy fight with major shareholder Vancouver biotech company QLT Inc. has postponed its annual meeting from Thursday, after one of its largest shareholders initiated a proxy battle to elect a dissident slate of directors.
Europe’s worst kept secret is out Sources have told Reuters that each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency.
China’s property developers caught between a rock and a hard place Slowing sales, falling prices, high borrowing costs and refinancing risks are putting the squeeze on China’s formerly red-hot housing sector.
The start of a steel market collapse? The market is oversupplied and prices are still falling.
What’s Facebook’s potential legal exposure? After launching one of the highest profile stock offerings in history, Facebook’s IPO may become the most litigated.